A survey of agricultural bankers by the Kansas City Federal Reserve shows land and rent prices holding relatively stable. Omaha-based Kansas City Federal Reserve economist Cortney Cowley says land prices are a bright spot of this six-year downturn. However, farmer equity is a concern. “There still continues to be a lot of risks to the outlook as we face the flooding and uncertainty surrounding trade,” says Cowley. “There is also potential for another year where we will have high inventories of crops, low commodity prices and not a big improvement in farm income.”
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